How Corporations Can Stop Global Warming

Introduction

A massive topic of debate in our world today has been the overwhelming doom that is climate change/global warming and the crisis that will follow it. Young generations and activists are speaking out to the public eye on how we need to take action as soon as possible, or else there will be extreme consequences like intense drought, rising sea levels, species extinction, and more, even though the reality is that we are facing those issues already. A subject that protestors speak out on specifically is the fact that huge companies and corporations around the world heavily pollute our environment and will continue to for years to come, unless action takes place. However, the hard truth is that influential politicians and executives still deny that big corporations are one of the main causes of this issue. Thus the subject in question is how do the actions of large corporations contribute to our climate change crisis? What can these corporations do to minimize greenhouse gas emissions and decrease their impact on the environment?

Photo by Roberto Sorin shows crude ocean oil spills
Photo by Naja Bertolt Jensen reveals fish trapped in plastic
Photo by Muhammad Numan showcasing landfills of plastic

A plan to decrease emissions

Subsequently, there are plenty of solutions that can help save everyone from the climate crisis caused by human greed. As reported by the Harvard Political View on climate change, there are many policies that can help save the planet if we act fast. Carbon taxes are one of the most popular options and are being instituted in a number of nations today, with it being centrally a monetary fine for every ton of carbon released into the atmosphere. This would be beneficial as the money gained from taxation could be used to research carbon sequestration techniques, lobby with conservationist groups, or work with big corporations in order to educate those in decision making positions within those companies. The article “Who’s Really Responsible For Climate Change?” written by Elliot Hyman factually states that “Carbon taxes, government taxes on products that produce GHG emissions, can also help eliminate the negative externalities of fossil fuel use and increase fair competition in the energy market. They are effective because they split accountability across the economy between consumers, who pay more for products that result in GHG emissions, and producers, who face reduced demand for their product due to higher prices and a loss of cash flow through payment of the tax”(Hyman, p.12). This is extremely effective because financial responsibility is split between the consumer and producer, with the producers often being famously huge corporations that depend on world-wide consumption.

Photo by Biel Morro shows industry-run solar panels

Technology that can save the future

Lastly, carbon capture technology is a preeminent solution that should be used and supported by industries for the next years and generations to come. Carbon capture and storage is the process of capturing and storing carbon dioxide before it is released into the atmosphere; this can be accomplished using methods like post-combustion and pre-combustion procedures, which remove all CO2 from fossil fuels before combustion is completed. This type of technology can capture up to 90% of CO2 released by burning fossil fuels in electricity generation and industrial processes. According to the Grantham Research Institute on Climate Change and the Environment, they claim that Carbon Capture and Storage(CCS) is the only technology at this rate that can help significantly reduce emissions from large industrial installations. The climate institution’s article titled “What is carbon capture and storage and what role can it play in tackling climate change?” declares that Carbon Capture and Storage is the most crucial method for industries to develop, saying “According to the independent Global CCS Institute (GCCSI) , existing installations have the capacity to capture about 31 million metric tons of CO2 per year. When combined with bioenergy technologies, CCS has the potential to generate ‘negative emissions’, removing CO2 from the atmosphere. Many scientists and policymakers argue that this is crucial if the world is to limit temperature rise to under 2°C , which is the goal of the Paris Agreement ”(Grantham Research Institute, p.7). With these outstanding statistics, it is quite clear that more corporations need to invest in this applied science, with ExxonMobil, Chevron, and Climeworks already jumping on the bandwagon. Even though the Carbon Capture and Storage method can be expensive due to high energy costs, cheaper processes are being researched by professionals to help ease the economic fear of investing. Generating negative emissions will set a huge milestone in decreasing our carbon footprint, and the more that companies invest in this science, the more that carbon dioxide can essentially be “removed” from our atmosphere.

Photo by ThisisEngineering RAEng on Unsplash

Work Citied

“Exposed: Amazon’s Enormous and Rapidly Growing Plastic Pollution Problem.” Oceana, 17 Dec. 2021, https://oceana.org/reports/amazon-report-2021/.

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